Santa Cruz, NM High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Santa Cruz, New Mexico Market population: 61K. Browse multifamily, office, retail, industrial, and mixed-use...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Santa Cruz CA Properties: 0.6500%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Santa Cruz CA
Common questions from investors exploring commercial real estate in Santa Cruz CA.
What is the overall investment potential of Santa Cruz, CA, considering its demographic and economic factors?
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The city's median household income of $61,600, combined with a poverty rate of 21.7% and a high health insurance coverage of 92.8%, suggests a relatively stable market with a mix of working-class and affluent residents. The top industries, including Wholesale Trade, Public Administration, and Information, indicate a diverse economy, while the median property value of $643,800 and median property taxes of $9,141 provide insight into the local real estate market.
How does the ethnic diversity and commute time in Santa Cruz impact the demand for rental properties?
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The city's ethnic diversity, with a mix of White, White Non-Hispanic, and Hispanic populations, contributes to a vibrant community, while the average commute time of 22.0 minutes and top commute methods, including driving, working from home, and walking, indicate a relatively convenient and flexible transportation system. This combination can attract a wide range of renters, from students to professionals, and support a stable rental market.
What are the implications of the poverty rate and health insurance coverage on tenant quality in Santa Cruz?
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The 21.7% poverty rate, although relatively high, is mitigated by the 92.8% health insurance coverage, suggesting that many residents have access to employment and healthcare benefits. This combination can lead to a more stable tenant base, with renters who are more likely to have a steady income and be able to afford rent, making it an attractive market for investors.
How do the top industries in Santa Cruz influence the local real estate market and demand for housing?
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The presence of top industries such as Wholesale Trade, Public Administration, and Information in Santa Cruz contributes to a diverse and relatively stable economy, which can drive demand for housing. The employed population of 29,781 and median household income of $61,600 also support a strong demand for rental properties, particularly in areas with convenient access to these industries and public transportation.
What role do the GINI coefficient and homeownership rate play in assessing the overall stability and attractiveness of the Santa Cruz real estate market?
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The GINI coefficient of 0.488, indicating a moderate level of income inequality, and the homeownership rate of 45.7% suggest a relatively balanced market with opportunities for both renters and homeowners. This balance, combined with the city's demographic and economic factors, contributes to a stable and attractive real estate market, making it an interesting opportunity for investors to consider.
Santa Cruz CA Real Estate & City Facts
Key facts and real estate information about Santa Cruz CA.
What are some of the best neighborhoods to live in Santa Cruz?
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Some of the best neighborhoods to live in Santa Cruz include Santa Cruz, Capitola, Aptos, Scotts Valley, Ben Lomond, Soquel, Westside Santa Cruz, Seabright, and Heritage Landing. Each neighborhood has its own unique character and advantages, so it's worth researching to find the one that best fits your needs and preferences.
What are some fun things to do in Santa Cruz?
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There are plenty of fun things to do in Santa Cruz, including visiting the Santa Cruz Beach Boardwalk, exploring the redwood forest at Henry Cowell Redwoods State Park, playing mini-golf, and checking out the local art and culture scene. You can also take a ride on the Roaring Camp Railroads or visit the Nature and Wildlife Tours.
What is the food scene like in Santa Cruz?
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The food scene in Santa Cruz is fantastic, with a variety of restaurants serving everything from seafood to Thai cuisine. Some popular spots include Cat & Cloud Coffee, Humble Sea Brewing Co., Donnelly Chocolates, Bad Animal, and The Penny Ice Creamery. There are also plenty of great food trucks and pop-up restaurants to check out.
What are the pros and cons of living in Santa Cruz?
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The pros of living in Santa Cruz include its beautiful natural scenery, vibrant arts and culture scene, and plenty of outdoor activities to enjoy. However, some cons include the high cost of living, traffic, and crowds during peak tourist season. Additionally, some areas of the city can be quite hilly, which may be a challenge for those with mobility issues.
Is Santa Cruz a good place to live?
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Overall, Santa Cruz is a great place to live for those who value a relaxed, small-town atmosphere and easy access to outdoor activities. While it may have some drawbacks, such as a high cost of living and traffic, the city's many advantages make it a popular choice for people of all ages and backgrounds. With its unique blend of natural beauty, cultural attractions, and community spirit, Santa Cruz is definitely worth considering as a place to call home.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Santa Cruz CA Commercial Property: $61,600
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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